Linear Minerals Corp Announces Exploration Program at Lac Marion Property

Executive Summary

• Linear Minerals received an Authorization de travaux d'intervention (ATI) permitting mechanical trenching and diamond drilling at its Lac Marion Property in Quebec, with field work slated to begin in spring 2026.
• The company disclosed promising rare‑earth element (REE) grab‑sample results from the initial prospecting phase, highlighting heavy REE enrichments (e.g., dysprosium, terbium, yttrium).
• Linear closed the first tranche of its non‑brokered private placement, issuing 6.5 million hard‑dollar units at $0.05 per unit plus warrants, generating gross proceeds of $325,000 for working capital and further Quebec exploration.

Key Details

• Permit Authorization: ATI work permit from Québec’s Ministère des Ressources naturelles et des Forêts (MRNF) authorizes mechanical trenching and diamond drilling on the Lac Marion Property.
• 2026 Exploration Program: Follow‑up to 2025 prospecting, geological mapping, and sampling; field activities contingent on site access, weather, and standard operational considerations.
• Sample Results (from November 2 2025 release):
• Uranium (U): 20 – 3,690 ppm → U₃O₈ calculated 0.002 % – 0.459 %
• Thorium (Th): 10 – 378 ppm
• Total Rare Earth Elements (TREE): 8 – 1,365 ppm
• Heavy Rare Earth Elements (HREE): 12 – 626 ppm (notably dysprosium, terbium, yttrium)
• Phosphate (P₂O₅): <0.01 % – 4.97 %
• Cautionary Note: Grab samples are selective and may not represent the broader mineralization; no resource estimate has been defined.
• Private Placement – First Tranche:
• Units issued: 6,500,000 hard‑dollar units at $0.05 per unit.
• Warrants: One common share purchase warrant per unit, exercisable at $0.25 for one year.
• Gross proceeds: $325,000.
• Use of proceeds: General working capital and additional exploration on Quebec properties.
• Regulatory Conditions: Closing subject to CSE and other regulatory approvals; securities subject to a statutory hold period of four months plus one day.
• Qualified Person: Afzaal Pirzada, P.Geo., reviewed and approved the technical information per NI 43‑101 standards.

Notable Quotes

“These early results suggest that the Quebec project may host zones of high‑value heavy rare earth mineralization, distinguishing it from many typical light‑REE occurrences in Quebec.” – Gurminder Sangha, CEO & Director, Linear Minerals Corp.